Sunday, September 28, 2008

Michigan Man Accuses Florida Firm Of Foreclosure Rescue Ripoff

In Trinity, Florida, Tampa Bay's 10 News reports:

  • Richard Taylor found United Home Savers on the Internet to help him with his foreclosure in Wyandotte, Michigan. "For a fee, they would work with my mortgage and bank to help me get a lower rate and a lower payment for a certain amount of years," said Taylor. In April Taylor paid United Home Savers more than $1,100. He heard back from the company about a month later. "They couldn't do nothing," said Taylor. "So I says, 'If you can't do nothing for me, then I want my money back.'" But he still hasn't gotten his money back. Taylor even traveled to United Home Savers office in Largo.

***

  • The Federal Trade Commission filed a federal lawsuit against United Home Savers and officers Stephanie and Darin Dietschy earlier this month. A sign on the company's office in Largo says it is currently under court order by the FTC that all information in this building is frozen. Illinois Attorney General Lisa Madigan has also filed a lawsuit against United Home Savers. [...] Florida legislators recently passed a new law regulating mortgage rescue companies. Starting October 1st, they cannot accept any payment, until they provide you with a service.

For more, see Viewer wants refund from mortgage rescue company (read story) (watch Channel 10 video).

For story update, see Viewer's brother with mortgage rescue problem gets money back (Richard Taylor tells 10 News he has received $1,000 cash back from Brian Mehle, one of the directors of the mortgage relief company that took over from United Home Savers.).

From the Federal Trade Commision:

1 comment:

Anonymous said...

You could even re-invest the money from the equity release into an annuity-based plan to hopefully earn you some extra cash and at the same time cover the loan repayments. Simply put, the choice is yours what you do with the money.